Daily Market Analysis

It's likely that the market is going to test the nearest support at 1.1662, which could be a starting point for another bullish rally...

On the daily chart for EUR/JPY the “Broadening wage” pattern was activated. The update of September maximum will allow bulls to continue moving towards target at 88.6% following the “Bat” pattern.

On the daily chart of USD/JPY, there is a battle between bulls and bears to reach an important level at 88.6% of XC wave of the “Shark” pattern.

The market is likely going to test the 89 MA in the coming hours. A pullback from this line could be a departure point for...

Bullish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen.

Traders and investors all over the world are highly anticipating the Federal Open Market Committee (FOMC) statement and the Federal funds rate announcement today at 21:00 MT time…

It's likely that the pair is going to test the nearest support at 1.1737, which could be a starting point for a bullish price movement...

We should keep an eye on the 34 MA as an intraday target. A pullback from this line could be a departure point for...

On the daily chart, GBP/USD pulled back after 88.6% target of the “Bat”. Bulls managed to defend 1.3050-1.3065 and play the Inside bar.

USD/CHF reached 0.9630 (50% of the medium-term rising wave), although the diagonal resistance in form of the upper border of the downtrend channel is a more serious obstacle.

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.